Nippon Life Global Investors Americas Inc. Has $1.49 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Nippon Life Global Investors Americas Inc. reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,530 shares of the energy company’s stock after selling 300 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Cheniere Energy were worth $1,491,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LNG. Signature Wealth Management Group boosted its stake in Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after purchasing an additional 66 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after buying an additional 68 shares in the last quarter. E&G Advisors LP grew its holdings in Cheniere Energy by 5.2% during the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock worth $229,000 after acquiring an additional 70 shares during the last quarter. Syon Capital LLC grew its holdings in Cheniere Energy by 4.7% during the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after acquiring an additional 73 shares during the last quarter. Finally, Accordant Advisory Group Inc increased its position in Cheniere Energy by 0.4% in the 2nd quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock valued at $3,389,000 after acquiring an additional 76 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on LNG shares. Barclays increased their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.25.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $180.66 on Monday. The firm has a fifty day moving average of $180.76 and a two-hundred day moving average of $167.90. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The stock has a market capitalization of $41.36 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $187.44.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the company posted $5.61 earnings per share. The firm’s revenue was down 19.6% on a year-over-year basis. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy announced that its Board of Directors has authorized a share repurchase plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.